Password stretching - a way to mitigate CPU flood

Question

I\'m now using password stretching for all user account passwords throughout all my websites. In the db I store an iteration count and randomly assigned salt along with the

Answer 1

Isn't the big benefit of password stretching, that the calculations are done on the client side and therefore they should not affect your server while still providing a good protection?
Frankly, if you implemented it on your server, you are doing it wrong and missed the point :-)